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RA 1199 Section 48

Loans and Interests.

Section 48

SEC. 48. Loans and Interests.—Loans, either in money or in kind, obtained by a tenant-lessee from the landholder-lessor shall be payable at the time stipulated: Provided, however, That this shall not be construed as prejudicing the right of the borrower to repay his obligation before date of maturity. The loan, unless it is otherwise stipulated, shall be payable in money at not more than eight per cent interest per annum, computed from the e indebtedness was contracted up to and including the of payment. A note or memorandum to evidence indebtedness shall be executed in accordance with the provision of Section sixteen. PART IV SECURITY OP TENURE

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Other provisions in Chapter III

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 1199 Section 48 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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